German trade surplus extends in August

08:44 10.10.2017

In August, German exports managed to outpace imports, extending the trade surplus and contributing to evidence that the EU’s number one economy acted strongly in the third quarter, as data disclosed on Tuesday.

As a matter of fact, seasonally adjusted exports inched up by 3.1% on the month. Meanwhile, imports ascended 1.2%, as data from the Federal Statistics Office unveiled. It turned to be the strongest exports ascend for 12 months.

Both import and export surge was stronger than anticipated. A Reuters survey had pointed to exports soaring 1% and imports leaping by 0.5%.